First Reading of the Bill to Amend the Income Tax Act (107 SE)
Session: 15th Riigikogu, 3rd sitting, plenary session
Date: 2024-01-17 18:30
Participating Politicians:
Total Speeches: 6
Membership: 15
Agenda Duration: 2m
AI Summaries: 6/6 Speeches (100.0%)
Analysis: Structured Analysis
Politicians Speaking Time
Politicians
Analysis
Summary
As the 23rd agenda item of the Riigikogu, the first reading of Draft Act 107 amending the Income Tax Act, initiated by Riigikogu members Siim Pohlak, Martin Helme, and Evelin Poolamets, was discussed. The main objective of the draft act was to reduce the tax burden on Estonian companies in order to thereby improve their competitiveness. When presenting the draft act, Evelin Poolamets emphasized that the amendments concern the version of the Income Tax Act that entered into force on April 1, 2023.
The Finance Committee, designated as the leading committee and represented by its Chair Annely Akkermann, forwarded the draft act to the plenary session agenda but proposed rejecting it during the first reading. Akkermann noted that this was one of several similar draft acts proposing to reduce the corporate income tax rate on distributed profits. The Government did not support this draft act or subsequent similar initiatives. Since debate was not requested, they moved directly to the vote, where the leading committee’s proposal to reject the draft act found support.
Decisions Made 1
Draft Bill 107 was defeated during the first reading (36 votes in favor, 8 against, 1 abstention) and subsequently dropped from consideration.
Most Active Speaker
The most active speaker, who set the direction for the proceedings, was Annely Akkermann. She appeared as the chair of the Finance Committee, presenting the lead committee's position and the proposal to reject the draft bill. Her role was procedural and representative of the committee's position.
Aseesimees Jüri Ratas
AI Summary
The Riigikogu proceeds to agenda item 23, which concerns the first reading of Bill 107 on the amendment of the Income Tax Act, initiated by Siim Pohlak, Martin Helme, and Evelin Poolamets, and Evelin Poolamets is invited to serve as the rapporteur.
Evelin Poolamets
Profiling Fraktsiooni mittekuuluvad Riigikogu liikmedAI Summary
This draft bill amends the version of the Income Tax Act that entered into force on April 1, 2023, in order to reduce the tax burden on Estonian companies and improve their competitiveness.
Aseesimees Jüri Ratas
AI Summary
Jüri Ratas thanked the rapporteur, stated that there were no questions, and invited Annely Akkermann, Chairman of the Riigikogu Finance Committee, to the podium as the next speaker.
Annely Akkermann
Profiling Eesti Reformierakonna fraktsioonAI Summary
Annely Akkermann announced that the second block of the draft legislation aims to reduce the corporate income tax rate on distributed profits and similar payments; the committee discussed the draft on October 10, 2023, forwarded it to the plenary session's agenda, and decided to reject the bill; the government did not support this or subsequent drafts; Siim Pohlak was the representative of the initiators; the committee members had no questions, and therefore the subsequent presentations will be brief.
Aseesimees Jüri Ratas
AI Summary
Jüri Ratas announced that he did not wish to hold negotiations and subsequently put to a vote the steering committee’s proposal to reject Bill 107 during its first reading.
Aseesimees Jüri Ratas
AI Summary
Bill 107 was rejected during the first reading by a vote of 36 in favour, 8 against, and 1 abstention, and consequently lapses from the proceedings; Agenda Item 23 has been dealt with.